Finance and Small and Medium-Sized Enterprise in Developing Countries
Vol. Volume 6, Number 1 April/2001
The paper examines the research on finance and the small and medium-sized enterprise sector on developing countries. The paper argues that theoretical insights into this field have largely been confined to studies undertaken in the US and UK. In developing countries research on both the supply and demand for finance in relation to SMEs has been empirically-based and has been pre-occupied with gathering information on the characteristics of SMEs and lending institutions rather than on testing theoretical proportions that would improve our understanding of the relationship between finance and SMEs. A research agenda is outlined.